Global News Of Note: EU Plans To Reduce Aluminum Scrap Exports
What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:
- As Fastmarkets reported, the European Commission is preparing a plan that would restrict aluminum scrap exports from its region. Trade Commissioner Maroš Šefčovič confirmed the move on Nov. 18, saying the commission has started preliminary work on a new measure aimed at tackling “scrap leakage.” The plan is expected to be finalized and adopted in spring 2026. European Union aluminum scrap exports reached a record 1.26 million tons in 2024. That number was about 50 percent higher than the rate of exports from five years earlier.